From the current development trend, there may only be two real L1s left in the future: BTC and ETH.🔗

Other L1s will either completely become part of the L2 ecosystem or face the fate of 'pseudo L1s'—the chain still exists, but core assets, users, and traffic are all gathering towards stronger main chains.🌊

After this bull market, the real reshuffle is just beginning.

There won't be many underlying networks that can truly traverse cycles in the long run.

**The end of L1 is BTC and ETH.**⛓️

The rest will either depend on others or perish. $BTC $ETH

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